OTCQX:PALAF - Post by User
Comment by
shiftmanon Apr 26, 2014 10:29am
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Post# 22493986
RE:RE:RE:RE:RE:RE:RE:RE:Positive numbers for Paladin
RE:RE:RE:RE:RE:RE:RE:RE:Positive numbers for PaladinThe problem is Paladin already has real financial issues. They have shut down a mine, cut insiders wages, diluted the shareholder, sold 25% of LH. Michelin has been used for collateral against company debt. If paladin has to do a reverse split or sell more of LH the shareholder will be diluted even more. If the price falls to 25 cents share and then a reverse split occurs the shareholder will be wiped out. If u prices increase to 40.00 a lb Paladin still is going to have trouble paying down the debt they need around 70.00 a lb to show a profit for the shareholder. They have costs to maintain the shut down K mine on top of this. The question is this can Paladin survive and return a profit for the shareholder? Are the shareholder's just funding insider's wages and lucrative retirement plan? Why would an investor buy Paladin shares there is no profit, no dividend check but insiders are still getting options, share performance bonuses while the shareholder is funding the project and getting nothing in return. The shareholders who provided the cash to operate the company have already lost a percentage of their intial investment. If shareholder's was smart they would force Paladin to cut wages further cut all stock options, performance bonuses, and lucrative pension plans until Paladin debt has been payed off, and the shares are over a dollar a share, and quarterly dividend is being payed to the investor.